Market

Gold price today September 23, 2024: World gold is forecast to continue to increase next week

Hung Cuong September 22, 2024 05:20

Gold price today September 23, 2024: The price of 9999 gold rings has reached a record high, and the price is expected to continue to increase. Currently, world gold has become the priority choice of investors.

Domestic gold price today September 23, 2024

At the time of survey at 5:00 a.m. on September 23, 2024, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold today at 79.40 million VND/tael for buying and 80.55 million VND/tael for selling.

At Mi Hong Gold and Gemstone Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold at 81.2-82 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by businesses at 80-82 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 80.1-82 million VND/tael (buy in - sell out).

Giá vàng hôm nay 22/9/2024: Vàng thế giới dự báo sang tuần tiếp tục tăng

The latest gold price list today, September 23, 2024 is as follows:

Gold price today
September 23, 2024
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
80
82
-
-
DOJI Group
80
82
-
-
Red Eyelashes
81.2
82
-
-
PNJ
80
82
-
-
Vietinbank Gold
-
82
-
-
Bao Tin Minh Chau
80
82
-
-
Bao Tin Manh Hai
80.1
82
-
-
1.DOJI- Updated: 9/23/2024 05:10 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
AVPL/SJC HN80,00082,000
AVPL/SJC HCM80,00082,000
AVPL/SJC DN80,00082,000
Raw material 9999 - HN79,35079,500
Raw material 999 - HN79,25079,400
AVPL/SJC Can Tho80,00082,000
2.PNJ- Updated: 9/23/2024 05:10 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ79,50080,550
HCMC - SJC80,00082,000
Hanoi - PNJ79,50080,550
Hanoi - SJC80,00082,000
Da Nang - PNJ79,50080,550
Da Nang - SJC80,00082,000
Western Region - PNJ79,50080,550
Western Region - SJC80,00082,000
Jewelry gold price - PNJ79,50080,550
Jewelry gold price - SJC80,00082,000
Jewelry gold price - SoutheastPNJ79,500
Jewelry gold price - SJC80,00082,000
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring79,500
Jewelry gold price - Jewelry gold 999.979,30080,100
Jewelry gold price - Jewelry gold 99979,22080,020
Jewelry gold price - Jewelry gold 9978,40079,400
Jewelry gold price - 916 gold (22K)72,97073,470
Jewelry gold price - 750 gold (18K)58,83060,230
Jewelry gold price - 680 gold (16.3K)53,22054,620
Jewelry gold price - 650 gold (15.6K)50,82052,220
Jewelry gold price - 610 gold (14.6K)47,61049,010
Jewelry gold price - 585 gold (14K)45,61047,010
Jewelry gold price - 416 gold (10K)32,07033,470
Jewelry gold price - 375 gold (9K)28,79030,190
Jewelry gold price - 333 gold (8K)25,18026,580
3.SJC- Updated: 9/23/2024 05:10 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG80,00082,000
SJC 5c80,00082,020
SJC 2c, 1c, 5c80,00082,030
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi78,90080,200
SJC 99.99 gold ring 0.3 chi, 0.5 chi78,90080,300
Jewelry 99.99%78,80079,800
Jewelry 99%77,01079,010
Jewelry 68%51,91954,419
Jewelry 41.7%30,93033,430

World gold price today September 23, 2024 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was 2,621.13 USD/Ounce. Today's gold price increased by 43.14 USD/Ounce compared to last week's gold price. Converted according to the USD exchange rate, on the free market (25,065 VND/USD), the world gold price is about 80.08 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.91 million VND/tael higher than the international gold price.

The world gold price has increased beyond 2,600 USD/ounce in the last trading session of the week. Since the beginning of 2024, the gold price has increased by 27%, this is the highest increase since 2010.

Gold prices are currently on the rise, with new highs being set continuously. Over the past week, both gold bars and gold jewelry have witnessed significant price increases, reflecting the upward trend of gold in the international market.

SJC gold bar prices have hit a more than three-month high, while gold ring prices have hit a record high. Despite the scarcity of products, demand for gold rings as gifts is still high, and prices are expected to continue to rise.

Investors from Europe and the US are returning to the gold market, thanks to more favorable macroeconomic conditions and low interest rates. The decision of the US Federal Reserve (FED) to cut interest rates by 0.5% further supported gold prices.

In the US, although the economy is still growing, potential risks make holding gold the preferred choice of investors.

Economists predict that gold prices will continue to rise, possibly surpassing $2,700 an ounce and reaching $3,000 an ounce, especially as the US prepares for the election.

Gold Price Forecast

According to the latest Kitco News survey, retail investors are optimistic about the prospect of gold prices rising next week.

Industry experts are divided, with some predicting gold prices will rise, while others say prices will stabilize in the short term.

Adrian Day from Adrian Day Asset Management said gold prices are on a strong upward trend and are unlikely to be stopped.

Marc Chandler from Bannockburn Global Forex predicts gold will trade sideways next week, after prices hit a target of $2,600 an ounce and then found support at $2,550 an ounce.

In a Kitco News survey, 47% of experts predicted gold prices would rise, 42% said prices would remain flat, and only 11% believed prices would fall.

Kitco's online poll of 189 votes found that the majority of retail investors (68%) expect gold prices to rise, 15% predict a fall, and 17% believe prices will stabilize.

Hung Cuong